A Unit That Is Separate from the Mainstream of the Organization

question 139

True/False

A unit that is separate from the mainstream of the organization and is responsible for developing and initiating innovations is called a new-venture team.

Appreciate the importance of understanding cultural differences for global management and international business operations.

Understand the implications of Trompenaars' cultural framework for interpersonal relationships, environmental attitudes, and management practices.

Understand the factors contributing to the successful adjustment to new cultures.

Recognize the importance of personal attributes for employees in international assignments.

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Definitions:

Lean Manufacturing

A systematic method for waste minimization within manufacturing systems without sacrificing productivity.

Six Sigma

A systematic, data-driven approach and methodology for eliminating defects in any process, aiming for six standard deviations between the mean and the nearest specification limit.

Real-Time

A mode of operation within systems where processes and data are updated immediately as events occur, ensuring current information is always available.

Offshoring

Relocating business processes or manufacturing to a foreign country to capitalize on lower costs or other operational advantages.